Monday Midnight Bitcoin and Ethereum Market Analysis and Daily Summary
The overall rhythm on Monday evening was still quite in line with expectations. The U.S. stock market opened with a rise followed by a fall, perfectly reaching the entry point around 110500 as suggested in the analysis. Those who followed Lao Tian's approach to buy the dip have basically taken off, and it was clearly pointed out during the live broadcast that attempting to short in the evening market was definitely not advisable; if one were to short, it could only be considered after the short-term recovery was completed. In the evening, the orange line clearly indicated to buy at 110500, which then surged directly to 112500, resulting in a gain of 2000 points. Ethereum followed Bitcoin's rise, reaching a high of 4683. The buy signal given at 4600 also provided over 80 points of space. This highlights the importance of adapting in real-time and adjusting strategies based on market patterns.
From the hourly chart structure, a downward probe has stopped, but based on the current trend, it is still relatively effective. Support is also gradually moving up, and the short positions are shrinking. The price ratio has officially returned to correction, and this process requires some time. Currently, using 110500 as a short-term support to form local consolidation or a pullback correction, it depends on the size of the pullback space, which can be large or small. A large space means a deep adjustment, while a small space means horizontal consolidation correction. Whether this wave can stabilize and show strong bullish momentum can be preliminarily assessed by looking at the recovery above. Therefore, before a substantial breakthrough occurs, one can selectively short at high points while combining with short-term long positions. In this market condition, both long and short positions have opportunities at key levels. Flexibly respond according to the patterns.
Trading Suggestions:
Bitcoin around: 112000-111500, Long, target focus 113000
Ethereum around: 4560-4580, Long, target focus 4700
Bitcoin support below 111300, Ethereum support below 4550
